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🇨🇱 Chile /Health & Science

Insulza: The club is financially healthy, but it needs to start winning

From Cooperativa · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Azul Azul director José Miguel Insulza said the company remains in a strong financial position after its board met with Eduardo Godoy, the liquidator of Asesorías e Inversiones Sartor.
  • The meeting concerned the process that could determine the future of the controlling stake in the company that operates Universidad de Chile.
  • Insulza said the meeting provided information but produced no concrete agreements.

José Miguel Insulza said Azul Azul is in a solid financial position, even as the future of the company’s controlling stake remains under discussion.

The Azul Azul director made the comments after the company’s board met with Eduardo Godoy, the liquidator of Asesorías e Inversiones Sartor. Godoy presented information about the liquidation process, which has returned control of Tactical Sport to Sartor’s oversight. Tactical Sport holds 63.07% of Azul Azul.

We cannot commit to anything with anyone. We were only informing ourselves about what was happening.

· José Miguel InsulzaInsulza explained that the board’s meeting with the liquidator did not produce an agreement.

Insulza described the meeting as good and interesting, but said the parties reached no concrete agreements. “We cannot commit to anything with anyone. We were only informing ourselves about what was happening,” he explained.

He added that Azul Azul was in “perfect financial condition,” while stressing that the club’s immediate problem was its need to start winning.

Azul Azul is in perfect financial condition.

· José Miguel InsulzaInsulza described the company’s financial position.
About this summary

Originally published by Cooperativa in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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